Industrial Dispensing System and Equipment Market is Expected to Reach USD 20.57 billion in 2021

Albany, NY (PressExposure) May 21, 2015 -- According to a new market report published by Transparency Market Research Industrial Dispensing System and Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021," global industrial dispensing system and equipment market was valued at USD 12.85 billion in 2014, growing at a CAGR of 7.0% from 2015 to 2021 to account for USD 20.57 billion in 2021.The global industrial dispensing system and equipment market is expected to witness substantial growth during the forecast period. This is due to the increasing demand of industrial dispensing system and equipment across various end use segments such as automotive, personal care products, pharmaceutical, food and beverage, and others. The increase in automobile production worldwide is stimulating the demand for industrial dispensing system and equipment. In addition, the growing demand for efficient dispensing solutions from pharmaceutical, and food and beverages industry is also influencing the growth of this market. Need for dispensing liquid and adhesive for manufacturing various types of machine parts such wheel bearings, oil seals, motors, and engine parts is also boosting the demand for industrial dispensing system and equipment globally.

Pharmaceutical segment held the highest market share accounting for more than 30% of the global market in 2014. The rising industrialization and adoption of new technologies in the developing nations especially in the countries of Asia Pacific is influencing the growth of this market positively. With technological advancement and recovering economic situations in developing countries, the customers are shifting from the manual filling and bonding to the use of automated dispensing systems. The manufacturers tend to look for solutions to optimize their operational capability and speedup their production process. This factor is further contributing to the growth of distensing system and equipment market globally.

Geographically, North America led the industrial dispensing system and equipment market in 2014 and the region is expected to continue its dominance by 2021. The factor responsible for the dominance of North America is the upgradation of the old industrial dispensing system and equipment. The increasing consumer awareness and affinity towards new technology is further contributing to the growth of dispensing system market in North America, especially in the U.S. Europe and Asia Pacific followed North America in the global industrial dispensing system and equipment market to collectively account for more than 50% of the global market revenue share.

The report provides company market share analysis of the various industry participants. Key players have also been profiled on the basis of company overview, financial overview, business strategies and recent developments in the field of industrial dispensing system and equipment market. Major market participants profiled in this report Nordson Corporation, Techcon System Inc., Fisnar Inc, Graco Inc., Dymax Corporation., Franklin Fueling System, GPD Global Inc., Wayne Fueling Systems, and IMI Cornelius Inc. among others.